A JPMorgan strategist says crypto is effectively nonexistent as an asset class for most large institutional investors. cryptocurrency bitcoin
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added.JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday.
Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped. He continued:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea's Mirae Asset to invest $72 mln in Space X in January 2023South Korea's Mirae Asset Financial Group affiliates plan to invest a total of 93 billion won ($72.43 million) in Space X in January 2023, the companies said in regulatory filings on Friday.
Read more »
Crypto Twitter confused by SBF's $250M bail and a return to luxuryThe crypto community was confused as to how Sam Bankman-Fried, with less than $100,000 to his name, could afford bail. While others highlighted there are no restrictions on his computer use while on bail.
Read more »
Be ‘very wary’ of crypto proof-of-reserve audits: SEC officialThe United States Securities and Exchange Commission's acting chief accountant Paul Munter has warned investors to be 'very wary' of crypto proof-of-reserve audits.
Read more »
Crypto exchange OKX releases second proof of reservesUsers will also be able to self-verify on-chain assets, as well as download their new and historical data from OKX.
Read more »
The End of Crypto Twitter as We Know It?Twitter has fostered crypto development by serving as a public fora for arguments over contentious issues. But if an impending mass exodus from Twitter threatens its diversity of viewpoints, Web3 may provide an alternative. Opinion by mikejcasey
Read more »
Capitol coin: Crypto giants have spent over $10M on lobbying in 2022 amid regulation pushTop cryptocurrency groups have doled out millions of dollars on lobbying in 2022 as Congress weighs regulations aimed at cracking down on the industry, especially in the wake of FTX's collapse, according to disclosures reviewed by the Washington Examiner.
Read more »